{"id":79900,"date":"2025-12-09T14:15:18","date_gmt":"2025-12-09T14:15:18","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=79900"},"modified":"2025-12-09T14:15:18","modified_gmt":"2025-12-09T14:15:18","slug":"fg-launches-%e2%82%a6590bn-bond-to-offset-%e2%82%a64tn-power-sector-debt","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/12\/09\/fg-launches-%e2%82%a6590bn-bond-to-offset-%e2%82%a64tn-power-sector-debt\/","title":{"rendered":"FG Launches \u20a6590bn Bond to Offset \u20a64tn Power Sector Debt"},"content":{"rendered":"<p><strong>By Onyeanya Ebere Immaculata<\/strong><\/p>\n<p>The Federal Government has launched a \u20a6590bn first-tranche bond under NBET Finance Company Plc\u2019s \u20a64tn bond programme to begin repaying debts owed to power generation companies (GenCos).<\/p>\n<p>The Series 1 issuance, guaranteed by the government, is set for release between November and December 2025.<\/p>\n<p>The tranche includes \u20a6300bn in cash bonds and \u20a6290bn in non-cash bonds allotted directly to GenCos.<\/p>\n<p>It carries a seven-year tenor with a fixed-rate coupon, semi-annual interest, and an amortising repayment structure.<\/p>\n<p>The bonds will be listed on the Nigerian Exchange and FMDQ Securities Exchange and qualify under the Trustee Investment Act, making them accessible to pension funds, banks, insurers, asset managers, and high-net-worth investors.<\/p>\n<p>Proceeds will settle part of the \u20a64tn debt accumulated due to under-remittance by electricity distribution companies, which has weakened gas supply contracts and contributed to recurrent grid collapses.<\/p>\n<p>The government may absorb up to \u20a61.23tn in oversubscription for additional GenCo allocations.<\/p>\n<p>CardinalStone Partners Limited serves as lead issuing house and financial adviser.<\/p>\n<p>The bond is backed by the full faith of the Federal Government, enjoys CBN liquidity status, and repayment will primarily come from the national budget, with NBET recoveries from DisCos as a secondary source.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Onyeanya Ebere Immaculata The Federal Government has launched a \u20a6590bn first-tranche bond under NBET Finance Company Plc\u2019s \u20a64tn bond programme to begin repaying debts owed to power generation companies (GenCos). The Series 1 issuance, guaranteed by the government, is set for release between November and December 2025. The tranche includes \u20a6300bn in cash bonds [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":79901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-79900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/79900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=79900"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/79900\/revisions"}],"predecessor-version":[{"id":79902,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/79900\/revisions\/79902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/79901"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=79900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=79900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=79900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}